NPA

PNB puts 32 NPAs with outstanding loan of Rs 1,176 crore on block

PNB puts 32 NPAs with outstanding loan of Rs 1,176 crore on block

Assets owned by accounts would be e-auctioned on November 8, the notice said, adding auction would be conducted by Delhi zonal office.

Oct 08, 2017, 14:06 PM IST
Oriental Bank says under central bank 'corrective action' over bad loans

Oriental Bank says under central bank 'corrective action' over bad loans

Oriental Bank is the seventh state-run lender to be put under a corrective action plan, which requires a bank to enact curbs on hiring, branch expansion and taking on new loans.

Oct 08, 2017, 10:37 AM IST
Barring auto, even retail loans see spike in bad loans: Report

Barring auto, even retail loans see spike in bad loans: Report

Education loans and commercial vehicle loans reported one of the biggest spikes in the proportion of NPAs, while the auto segment saw a dip in bad loans, says a report by credit information company Crif High Mark.

Oct 08, 2017, 10:17 AM IST
After Sinha, RSS-affiliate labour body tears into Modi govt; Ambani remains hopeful

After Sinha, RSS-affiliate labour body tears into Modi govt; Ambani remains hopeful

Saji Narayanan, National President of the Bharatiya Mazdoor Sangh, in a statement demanded the government declare a stimulus package towards employment generating activities in labour intensive sectors "to contain slowdown of the economy".

Sep 27, 2017, 13:53 PM IST
Global cues, rupee movement to drive Indian equity markets

Global cues, rupee movement to drive Indian equity markets

Last week, key equity indices gained around one per cent each on hopes of a rate cut by the Reserve Bank of India, coupled with short-covering and healthy auto sales and manufacturing data.

Sep 03, 2017, 13:18 PM IST
NPA resolution not to liquidate companies, but to help save them: Finance Minister

NPA resolution not to liquidate companies, but to help save them: Finance Minister

Explaining the rationale for the new insolvency and bankruptcy code (IBC), he said, this was necessitated by the failure of debt recovery tribunals to effectively perform their duty after the initial success.

Aug 19, 2017, 13:43 PM IST
NPA resolution to spur credit expansion, growth: Arvind Panagariya

NPA resolution to spur credit expansion, growth: Arvind Panagariya

Resolution of bad loans in the banking system is on 'right track' and will 'open the door' to rapid credit expansion and growth, Niti Aayog Vice Chairman Arvind Panagariya has said.

Aug 13, 2017, 12:35 PM IST
Centre to go after bank loan defaulters who divert funds: Arun Jaitley

Centre to go after bank loan defaulters who divert funds: Arun Jaitley

He said the government would go after those who diverted funds got through loans and defaulted on payments.
 

Aug 03, 2017, 19:02 PM IST
Kotak Mahindra Bank Q1 net up 23% at Rs 912.73 crore

Kotak Mahindra Bank Q1 net up 23% at Rs 912.73 crore

Kotak Mahindra Bank on Thursday reported 23.10 per cent increase in standalone net profit at Rs 912.73 crore for the first quarter ended June 30.

Jul 20, 2017, 13:02 PM IST
'Lenders' inclusion under PCA for timely improvement of their performance'

'Lenders' inclusion under PCA for timely improvement of their performance'

The deputy governor expressed strong displeasure on social media messages spreading false information about the future of some of the nine banks under the PCA framework and urged everybody to "apply the mind" while reading those.

Jul 14, 2017, 18:39 PM IST
Banks may have to take 60% haircut on 12 largest NPAs: Crisil

Banks may have to take 60% haircut on 12 largest NPAs: Crisil

The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these accounts.

Jun 26, 2017, 16:46 PM IST
Bankers to meet from Monday to decide on large defaulters

Bankers to meet from Monday to decide on large defaulters

Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings.

Jun 18, 2017, 15:28 PM IST
12 defaulters identified by RBI to be named soon: Finance Ministry

12 defaulters identified by RBI to be named soon: Finance Ministry

The Finance Ministry on Wednesday said names of the 12 big defaulters identified by the RBI for initiation of bankruptcy proceedings will soon be made public.

Jun 14, 2017, 21:49 PM IST
RBI identifies 12 accounts responsible for 25% of Rs 8 lakh crore bad loans

RBI identifies 12 accounts responsible for 25% of Rs 8 lakh crore bad loans

The RBI on Tuesday identified 12 accounts each having more than Rs 5,000 crore of outstanding loans and accounting for 25 percent of total NPAs of banks for immediate referral for resolution under the bankruptcy law.

Jun 13, 2017, 21:10 PM IST

RBI examining relaxing NPA classification limit beyond 90 days

The Reserve Bank is looking into request for extending the NPA classification period from the current 90-day window to help small and medium enterprises.

Jun 13, 2017, 19:53 PM IST
RBI actively working on NPA resolution, action soon: Arun Jaitley

RBI actively working on NPA resolution, action soon: Arun Jaitley

Besides NPA resolution and bank finances, the meeting also featured the government's financial inclusion schemes.

Jun 12, 2017, 13:57 PM IST
FM Arun Jaitley meets PSU bank chiefs; reviews NPA situation

FM Arun Jaitley meets PSU bank chiefs; reviews NPA situation

Jaitley also reviewed the financial performance of all the public sector banks (PSBs) at the meeting.

Jun 12, 2017, 12:45 PM IST

Arun Jaitley to meet PSU bank chiefs today to review NPA situation

Besides, the minister will review the financial performance of all the public sector banks (PSBs) at the meeting, the first between Jaitley and them in the current fiscal.

Jun 12, 2017, 10:49 AM IST
FM Jaitley to meet PSU bank chiefs tomorrow to review NPA situation

FM Jaitley to meet PSU bank chiefs tomorrow to review NPA situation

Finance Minister Arun Jaitley will meet heads of PSU banks on Monday to discuss the issue of non-performing assets (NPAs) and the steps being taken by them to expedite the recovery of bad loans which have crossed Rs 6 lakh crore.

Jun 11, 2017, 13:02 PM IST
PCA doesn't constraint bank's normal operations: RBI

PCA doesn't constraint bank's normal operations: RBI

The RBI on Monday said its prompt corrective action (PCA), initiated in case of some public sector banks with high NPAs, is a supervision tool and does not constrain normal banking operations for the public.

Jun 05, 2017, 21:57 PM IST